Cameron urges UK film makers to focus on box office

2012-01-11 12:52

London – British Prime Minister David Cameron has urged independent UK film makers to focus on box office success.

The film industry contributes an estimated 4.2 billion pounds to the economy each year, including from independent pictures that do well commercially and blockbusters like the “Harry Potter” series, which are made in Britain but bankrolled by Hollywood studios.

“The UK film industry, the skills and crafts that support it, and our creative industries more widely, make a 4 billion pound contribution to our economy and an incalculable contribution to our culture,” Cameron said.

He was due to visit Pinewood Studios, where hit movies like the James Bond franchise are shot, to meet small and medium-sized businesses involved in film.

“But in this year when we set out bold ambitions for the future, when the eyes of the world will be on us, I think we should aim even higher, building on the incredible success of recent years,” Cameron added in a statement.

“Our role, and that of the BFI (British Film Institute), should be to support the sector in becoming even more dynamic and entrepreneurial, helping UK producers to make commercially successful pictures that rival the quality and impact of the best international productions.

“Just as the British Film Commission has played a crucial role in attracting the biggest and best international studios to produce their films here, so we must incentivise UK producers to chase new markets both here and overseas.”

Two recent, low-budget independent British films made a major splash both in terms of ticket sales and awards.

“The King’s Speech” won four Oscars including best picture in 2011, and earned $414 million in global ticket sales on a production budget of just $15 million, according to Boxofficemojo.com.

Two years earlier, “Slumdog Millionaire” was the big winner picking up eight Academy Awards including best picture and hitting $378 million at global box offices from a $15 million budget.

According to official figures, UK films accounted for 14% of the global 2010 box office tally of $31.8 billion.

But 12.6% was accounted for by UK movies wholly or partly financed and controlled by US studios.

Former Labour culture minister Chris Smith is set to publish the findings of his review into the film sector next week.

It is expected to provide incentives to British film makers to develop projects that deliver commercial as well as cultural success, while the BFI is likely to be urged to reinvest returns back into successful companies.

The review is also likely to support the work of the British Film Commission which promotes Britain as a place to produce movies. 

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.